MEDIA RELEASE
MINISTERS SIGN THE ASEAN-INDIA FTA TRADE IN GOODS AGREEMENT

1. The ASEAN-India Trade in Goods Agreement (TIG) was signed by Economic Ministers of ASEAN and India today at the 12th ASEAN-India Consultations in Bangkok, Thailand. The TIG Agreement forms the first substantive pillar of the ASEAN-India Free Trade Area (AIFTA) arising from the Framework Agreement (FA) on Comprehensive Economic Agreement for the AIFTA signed in 2003. Under the FA, an AIFTA would be realised with Brunei, Indonesia, Malaysia, Singapore, Thailand and India by 31 December 2012 and with the remaining ASEAN countries by 31 December 2017

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MINISTRY OF TRADE AND INDUSTRY, SINGAPORE
13 AUGUST 2009